Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 14.09

-0.4%

Nov 14 9:30 AM EST

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To: Larry J. who wrote (2224)	5/16/1998 2:13:00 AM
From: Johnathan C. Doe	Read Replies (1) of 5944

Saw the advertisement for Adaptec's IEEE 1394 PCI card advertised in PC Connections; a catalog retailer. The card is available and selling now and will work with the current non-existent IEEE 1394 hardware products. 62 devices can be hooked up to it and all you need is a PCI slot. Now tell me there is not huge future demand for this card with all of the slots and bays being max'ed out on the whole installed base of PCI computers out there now; this thing is going to be dynamite! It is coming; no question about that and Adaptec is going to be THE major player in it. We might dive due to the shortterm outlook, but there is a future and it is bright. This is a safe stock to average down in as far as I am concerned. I plan to pick up my other half position and maybe even more if the price gets really cheap. Cheap would be a P/E of 8ish; a price in low teens. I haven't calculated the relationship because it is a moving target. WDC had a low P/E until it went up due to losses, so the future is what counts here, not the present.

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